KUALA LUMPUR, 7th Mar 2024 – On Wednesday, Bank Pembangunan Malaysia Bhd announced its commitment to provide RM253.5 million in financing for the construction of a data center in Cyberjaya, Selangor. The tawarruq asset financing facilities will support the development of a tier-three data center by Pi Data Centre Sdn Bhd (PiDC), according to a statement...
Read morePETALING JAYA: Furniture manufacturing and property group Sand Nisko Capital Bhd (SNC) has unveiled plans to develop a RM1.75 billion mixed development project in Melaka in partnership with colourful businessman Tedy Teow. Teow is the Penang-born founder of the Mobility Beyond Imagination Group (MBI). In a Bursa Malaysia filing yesterday, SNC said its wholly-owned subsidiary,...
Read morePETALING JAYA: Eco World Development Group Bhd (EcoWorld Malaysia) has proposed to acquire 13 parcels of land totalling 97.25 hectares in Iskandar Puteri, Johor, to develop a mixed residential and commercial township with a preliminary estimated gross development value of RM3.88 billion. The proposed development would comprise affordable products (both high-rise and landed) suitable for...
Read morePETALING JAYA: Iskandar Waterfront City Bhd (IWCITY) unveiled its master development plan for the next 10 years involving the phased development of 59.08 hectares with a total gross development value (GDV) of RM4.3 billion. In a statement today, the company said the developments will be strategically located near the Bukit Chagar Rapid Transit System (RTS)...
Read moreThe REIT plans to convert the property into a temperature-controlled distribution center. CapitaLand Malaysia REIT (CMRM) announced that the trustee of CapitaLand Malaysia Trust (CLMT) has entered into a sale and purchase agreement to acquire a freehold logistics warehouse at Shah Alam, Selangor for MYR38.7m (approximately $11.4m). The warehouse is located at the HicomGlenmarie Industrial Park....
Read moreKuala Lumpur – Mah Sing Group Berhad (Mah Sing) will be developing a new 185 acres prime industrial development named Mah Sing Business Park, Sepang with an estimated gross development value (GDV) of approximately RM728 million. Mah Sing Business Park, Sepang will be developed by Fusion Heights Development Sdn Bhd, a subsidiary of Mah Sing South...
Read moreKUALA LUMPUR (Feb 22): Infrastructure and construction company Ekovest Bhd is disposing of 13 parcels of land measuring a total of 12,400.139 sq m in Section 85 along Jalan Pahang here to Airman Sdn Bhd, a wholly-owned subsidiary of Lim Seong Hai Holdings Sdn Bhd (LSHHSB), for RM66.8 million. The proposed disposal is deemed a...
Read moreKUALA LUMPUR: TH Properties Sdn Bhd, a wholly-owned unit of Lembaga Tabung Haji, said the recent signing of land deals in Bandar Enstek with four prominent investors has propelled the first quarter land sale of the township into full swing. The company has concluded the sale of industrial and agricultural land to Epsom College in...
Read moreKUALA LUMPUR: Sunway Construction Group Bhd (SunCon) has secured a RM720.99 million contract for a shopping mall project located in Kinta, Perak. The contract was awarded to Sunway Construction Sdn Bhd (SCSB), a wholly-owned subsidiary of SunCon, by Sunway Bhd’s indirect subsidiary, Sunway Lost World Water Park Sdn Bhd, according to a stock exchange filing...
Read moreKUALA LUMPUR: Sunway Bhd’s unit and Singapore-based Hoi Hup Pte Ltd, have been awarded a 2-hectare land to develop a 99-year lease term executive condominium housing development worth S$423.38 million in Tengah, Singapore by the Housing and Development Board of Singapore. Sunway’s subsidiary, Sunway Developments Pte Ltd (SDPL) and Hoi Hup jointly tendered for the...
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